In the security world, 2016 was filled with major incidents, including massive data breaches, nation-state cyber interference, crippling DDoS attacks, and increased numbers of ransomware incidents — along with all the less glamorous, day-to-day security threats that had the potential to impact every cloud-based business in existence. So much for the bad news!

Speaking recently in a Google webcast,U.S. CIO Tony Scott declared major cloud providers like Google, Amazon or Microsoft just as secure as the world’s largest financial institutions. He even implied that there’s no safer place to store data than in the cloud.